Bitcoin Extends Slide Below $93,000 as Spot ETF Outflows Mount
Analysts say fading U.S. rate‑cut hopes are pressuring crypto prices.
Overview
- Bitcoin fell to about $91,858 on Monday, setting a six‑month low and leaving it roughly 25% below its early‑October peak near $126,080.
- U.S.-listed spot crypto ETFs have seen about $2.33 billion in net outflows this month, including a $492.1 million net outflow from bitcoin funds on Nov. 14.
- BlackRock’s IBIT accounted for $463.1 million of that Nov. 14 bitcoin ETF selling, while ether funds also logged withdrawals led by BlackRock’s ETHA.
- The break below the $100,000 level reinforced a bearish tone, with technical analysts warning of weakening momentum and one near‑term target around $85,000.
- Singapore Exchange said it will list perpetual contracts for bitcoin and ether, and corporate treasury Strategy disclosed buying 8,178 BTC last week during the pullback.